ABRY Partners Acquires Millennium Process Coupon

ABRY Partners Acquires Millennium Process Coupon

millenium process coupon nf1Millennium Process Coupon has been acquired by Inmar, a portfolio company of ABRY Partners. This transaction closed on September 3, 2104. ABRY Partners acquired Inmar from New Mountain Capital in January 2014.

Millennium Process Coupon (MPC) is a provider of promotional services, including coupon clearing and redemption, rebate handling and contest administration. I MPC handles the majority of all coupon redemptions in Canada and is most active in the financial services, government, retail, and manufacturing sectors. Millennium redeems approximately C$100 million of coupons each year.  The company is headquartered in Toronto (www.millennium1solutions.com).

Inmar is an operator of commerce networks that are used by retailers, wholesalers and manufacturers to manage reverse logistics (product returns), facilitate promotions and recover revenue through secondary marketing of returned products. Inmar serves over 1,000 business clients, annually processing billions of returned goods, promotional transactions and pharmaceutical claims. The company was founded in 1980 and is based in Winston-Salem, NC (www.inmar.com).

The acquisition of MPC by Inmar will provide MPC’s client base and the Canadian marketplace with extended service offerings of digital coupon processing, data analytics and additional shopper engagement services.

jason myler nf1Mid-market investment bank MHT MidSpan (www.mhtmidspan.com) acted as the exclusive financial advisor to MPC in the transaction.  “MPC is the leading tech-enabled coupon processer in Canada, and the combined Inmar/MPC entity will provide a great option for both retailers and manufacturers operating in the Canadian marketplace,” said Jason Myler, Managing Director, MHT MidSpan.  “We are proud of the result here and enjoyed working closely with MPC to drive an efficient and successful outcome.  We look forward to working with more Canadian-based tech-enabled services and software businesses in the future.”

MHT MidSpan provides seller advisory, acquisition advisory, corporate finance and strategic advisory services to mid-market companies ($25 million to $500 million in enterprise value) in the technology; business & information services; education; consumer/retail; healthcare, energy services and industrial growth sectors. The firm has offices in Boston, Dallas, and San Francisco (www.mhtmidspan.com).

2014 PEPD • Private Equity’s Leading News Magazine • 9-19-14

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